Can foreigners buy and own land in Kenya?
Nyumba Blog
by Josh Chawelson
1y ago
Yes – Foreigners are allowed to own property in Kenya subject to a few legal constraints. This pdf might give you some insights The declaration of unconstitutionality of section 47 of the Amendment Act means that non-citizens may enter into transactions involving first and second-row beachfront property and land within 25km from the inland national boundary of Kenya without requiring the Cabinet Secretary’s written consent. The Judgment maintains the status quo of ownership of land by foreigners in the country before the passing of the Amendment Act. This means that non-citizens can own proper ..read more
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How much money do you need to invest in real estate in Kenya?
Nyumba Blog
by Josh Chawelson
1y ago
Usually, investment properties will require a larger down payment compared to owner-occupied property. Your regular 3% down payment to own a home, will not cut it. Most banks in Kenya will require an average of 20% – 30% of the value of the property as the down payment for an investment mortgage. How much does it cost to rent a house in Nairobi? According to a 2017 Business Insider article, Kenya comes 25th from a total of 30, as the best countries for expats to relocate to. Prices are 47% lower than in the USA. The average rent for a 900 square foot apartment in a sought-after area of Nairobi ..read more
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